CAP Partners LLC Grows Stake in Tesla, Inc. $TSLA

CAP Partners LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.2% during the second quarter, Holdings Channel.com reports. The firm owned 24,864 shares of the electric vehicle producer’s stock after buying an additional 3,461 shares during the period. Tesla makes up 5.0% of CAP Partners LLC’s holdings, making the stock its 3rd biggest holding. CAP Partners LLC’s holdings in Tesla were worth $7,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC boosted its stake in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. GAMMA Investing LLC boosted its stake in Tesla by 6.0% in the first quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer’s stock valued at $9,812,000 after acquiring an additional 2,153 shares in the last quarter. Finally, Financial Enhancement Group LLC boosted its stake in Tesla by 7.3% in the first quarter. Financial Enhancement Group LLC now owns 1,788 shares of the electric vehicle producer’s stock valued at $425,000 after acquiring an additional 121 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares of the company’s stock, valued at $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock worth $75,588,902 over the last three months. Company insiders own 19.90% of the company’s stock.

Tesla Trading Up 2.3%

NASDAQ TSLA opened at $448.98 on Friday. The company has a market capitalization of $1.49 trillion, a PE ratio of 299.32, a P/E/G ratio of 15.78 and a beta of 2.08. The company has a fifty day moving average of $396.00 and a 200 day moving average of $338.45. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.72%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Tesla from $395.00 to $425.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tesla in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $510.00 price objective on shares of Tesla in a research note on Thursday. Finally, BNP Paribas Exane began coverage on Tesla in a research note on Thursday, October 16th. They set an “underperform” rating and a $307.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $380.97.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.